$1,100,000
$200K PRICE DROP

7303-7305 SE Madison St Portland, OR 97215

Mount Tabor Neighborhood

Estimated payment $6,995/month

Total Views 26,273
4 Beds
2 Baths
3,768 Sq Ft
$292 Price per Sq Ft

Highlights

  • 2 Fireplaces
  • No HOA
  • Built-In Features
  • Corner Lot
  • 3 Car Detached Garage
  • Living Room

About This Home

Great Investment Opportunity – Duplex on Corner Lot with 3-Car Garage. Vintage mid-century duplex presents a unique opportunity for investors and developers alike. Situated on a prime corner lot in the highly sought-after Mt. Tabor neighborhood, this property offers a blend of classic mid-century style, rental income, and exciting multiple development potentials. Keep the duplex and develop north portion of the lots, with additional units up to a 4 plex, or go blank slate and develop fresh. The City of Portland allows for up to 9 individual cottage cluster units using middle housing land division. Developer's package attached. One unit vacant ready for market rent and long term tenants occupy one side. Please do not disturb tenants. Buyer to do their all of their own due-diligence.

Listing Agent

Suzanne Clark

Cascade Hasson Sotheby's International Realty License #200608182 Listed on: 03/27/2025

Cascade Hasson Sotheby's International Realty

Co-Listing Agent

Jana Nazir

Cascade Hasson Sotheby's International Realty License #201212275

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,826

Year Built

  • Built in 1949

Lot Details

  • 10,018 Sq Ft Lot
  • Corner Lot
  • Property is zoned R5

Parking

  • 3 Car Detached Garage
  • Driveway
  • On-Street Parking

Home Design

  • Fixer Upper
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 3,768 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Free-Standing Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Bridger Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Mt. Tabor Subdivision

Listing and Financial Details

  • Assessor Parcel Number R283320

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,826

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1949
  • Property Condition: Fixer
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 12 Features: Fireplace
  • Room 9 Features: BuiltinFeatures
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 2.0
  • Fireplaces: 2
  • Basement: Unfinished
  • Appliances: FreeStandingRange, FreeStandingRefrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 2
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 2.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt10000to14999
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: MetalSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Detached
  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Oil
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Bridger
  • High School: Franklin
  • Middle Or Junior School: Bridger

Lot Info

  • Zoning: R5
  • Land Lease: No
  • Lot Size Acres: 0.23
  • Lot Size: 10,000 sq ft
  • Lot Size Sq Ft: 10018.0
  • Parcel #: R283320

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 1400

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 10826.3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $10,410 $392,860 $0 $0
2022 $10,185 $381,420 $0 $0
2021 $10,013 $370,320 $0 $0
2020 $9,185 $359,540 $0 $0
2019 $8,847 $349,070 $0 $0
2018 $8,587 $338,910 $0 $0
2017 $8,230 $329,040 $0 $0
2016 $7,532 $319,460 $0 $0
2015 $7,334 $310,160 $0 $0
2014 $7,224 $301,130 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Price Changed $1,100,000 -15.4% $292 / Sq Ft
03/27/2025 03/27/25 For Sale $1,300,000 -- $345 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

About the Listing Agent

Suzanne Clark

Cascade Hasson Sotheby's International Realty

(971) 320-6838

Section Image

A spirited entrepreneur, Suzanne is a licensed broker in Oregon and New York. She is a Certified Luxury Home Marketing Specialist and is ranked among the top Portland area real estate agents. Suzanne is well respected within the real estate community and is a trusted source to guide people through their real estate journey. She is passionate about the industry, dedicated to her clients and team members, and is considered a student of the local economy. Suzanne brings a positive energy to every

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 171207564

Regional Multiple Listing Service (RMLS)

APN: R283320